Northern Neck Orchestra Corporation
EIN: 541927050 · Kilmarnock, VA · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $245K |
| Net Assets | $397K |
Is Northern Neck Orchestra Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northern Neck Orchestra Corporation
Northern Neck Orchestra Corporation (EIN: 541927050) is a nonprofit organization based in Kilmarnock, VA, classified under NTEE code A68. The organization reported total revenue of $429K and total assets of $484K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Neck Orchestra Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Neck Orchestra Corporation is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 25.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $533K |
| Total Expenses | $245K |
| Surplus / Deficit | +$288K |
| Total Assets | $398K |
| Total Liabilities | $432 |
| Net Assets | $397K |
| Operating Margin | 54.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2024, Northern Neck Orchestra Corporation reported a surplus of $288K with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Northern Neck Orchestra Corporation's revenue has grown at a compound annual growth rate (CAGR) of 25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +217.9% | +34.4% | +212.1% |
| 2023 | +13.6% | +29.2% | -6.7% |
| 2022 | +103.6% | +102.9% | +7.8% |
| 2021 | -31.6% | +22.0% | +11.5% |
| 2020 | +8.9% | -37.0% | +76.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Northern Neck Orchestra Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northern Neck Orchestra Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $288K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Northern Neck Orchestra Corporation
Is Northern Neck Orchestra Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Neck Orchestra Corporation (EIN: 541927050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Northern Neck Orchestra Corporation spend its money?
Detailed spending breakdown data is not yet available for Northern Neck Orchestra Corporation. Check back for updated IRS 990 analysis.
Are donations to Northern Neck Orchestra Corporation tax-deductible?
Northern Neck Orchestra Corporation is registered as a tax-exempt nonprofit (EIN: 541927050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northern Neck Orchestra Corporation located?
Northern Neck Orchestra Corporation is headquartered in Kilmarnock, Virginia and files with the IRS under EIN 541927050. It is classified under NTEE code A68.
How many years of IRS 990 filings does Northern Neck Orchestra Corporation have?
Northern Neck Orchestra Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $429K in total revenue.
Filing History
IRS 990 filing history for Northern Neck Orchestra Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Northern Neck Orchestra Corporation's revenue has grown by 1445.1%, moving from $34K to $533K. Total assets increased by 3369.6% over the same period, from $11K to $398K. Total functional expenses rose by 544.9%, from $38K to $245K. In its most recent filing year (2024), Northern Neck Orchestra Corporation reported a surplus of $288K, with revenue exceeding expenses. The organization holds $432 in liabilities against $398K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $397K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $533K | $245K | $398K | $432 | — | — |
| 2023 | $168K | $182K | $127K | $18K | — | View 990 |
| 2022 | $148K | $141K | $137K | $13K | — | View 990 |
| 2021 | $72K | $69K | $127K | $0 | — | — |
| 2020 | $106K | $57K | $114K | $0 | — | View 990 |
| 2019 | $97K | $90K | $65K | $0 | — | View 990 |
| 2018 | $85K | $72K | $58K | $0 | — | View 990 |
| 2017 | $61K | $59K | $45K | $0 | — | View 990 |
| 2016 | $53K | $51K | $42K | $0 | — | View 990 |
| 2015 | $52K | $38K | $40K | $0 | — | View 990 |
| 2014 | $43K | $35K | $26K | $0 | — | View 990 |
| 2013 | $38K | $32K | $18K | $0 | — | View 990 |
| 2012 | $34K | $38K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $533K, expenses of $245K, and assets of $398K (revenue +217.9% year-over-year).
- 2023: Revenue of $168K, expenses of $182K, and assets of $127K (revenue +13.6% year-over-year).
- 2022: Revenue of $148K, expenses of $141K, and assets of $137K (revenue +103.6% year-over-year).
- 2021: Revenue of $72K, expenses of $69K, and assets of $127K (revenue -31.6% year-over-year).
- 2020: Revenue of $106K, expenses of $57K, and assets of $114K (revenue +8.9% year-over-year).
- 2019: Revenue of $97K, expenses of $90K, and assets of $65K (revenue +14.4% year-over-year).
- 2018: Revenue of $85K, expenses of $72K, and assets of $58K (revenue +38.6% year-over-year).
- 2017: Revenue of $61K, expenses of $59K, and assets of $45K (revenue +16.7% year-over-year).
- 2016: Revenue of $53K, expenses of $51K, and assets of $42K (revenue +0.1% year-over-year).
- 2015: Revenue of $52K, expenses of $38K, and assets of $40K (revenue +22.1% year-over-year).
- 2014: Revenue of $43K, expenses of $35K, and assets of $26K (revenue +11.7% year-over-year).
- 2013: Revenue of $38K, expenses of $32K, and assets of $18K (revenue +11.5% year-over-year).
- 2012: Revenue of $34K, expenses of $38K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Neck Orchestra Corporation:
Data Sources and Methodology
This transparency report for Northern Neck Orchestra Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.